Complying with The Economic Crime and Corporate Transparency Act.
Diligent Entities streamlines ECCTA compliance.
The Economic Crime and Corporate Transparency Act (ECCTA) is the cornerstone of the UK Government’s strategy to tackle financial and economic crime. It applies to all UK-registered companies and partnerships, introducing a diverse range of reforms and compliance requirements.
The ECCTA will increase trust in UK Plc, but companies must act now to prepare.
Transparent, accurate entity management is fundamental to complying with the Act. Diligent Entities powers efficient, accurate, automated entity management, turning it from compliance challenge to competitive edge.
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What is the Economic Crime and Corporate Transparency Act?
The ECCTA increases transparency and accountability in UK-registered companies. It introduces:
- New regulatory powers for Companies House
- Identity verification requirements for company directors
- A new offence of failure to prevent corporate fraud
- Statements on lawful purpose
Key impacts of the ECCTA for Company Secretaries
Company Secretaries and governance teams sit at the nexus of governance and compliance. They will gain new responsibilities as a result of the ECCTA and its major reforms to Companies House.
Discover the impact on Company Secretaries in our white paper which includes:
- Practical tips for preparing and complying with the regulations
- Guidance on the identity verification regime
- The inside track on how Diligent Entities can simplify your filings with Companies House
Get your ECCTA compliance checklist
Learn how you can turn ECCTA compliance activities to your advantage, unlock efficiencies, and reduce costs with our checklist.
Get insight into the challenges of corporate transparency compliance and use the 4-stage checklist to make sure you have all the bases covered.
Explore the strategic advantages of bringing entity management in-house with our straightforward guidance.
Simplify ECCTA compliance with a streamlined and secure entity management system
Boost operational efficiency and accuracy to align with ECCTA requirements with a secure centralised corporate record.
Automate Companies House filings to ensure accuracy and reduce administrative burdens.
Diligent Entities takes the challenge out of ECCTA compliance.
Guarantee efficiency with Diligent Entities
Guarantee operational efficiency, lighten administrative burdens, and support regulatory compliance with a centralized record of critical business information.
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What are the new responsibilities for company secretaries under the ECCTA?
ECCTA introduces a range of measures designed to tackle corporate crime, among which are significant reforms to Companies House. The scale of the changes shouldn’t be underestimated. The Companies House reforms introduce new responsibilities, processes and statements that will likely fall to Company Secretaries and governance teams to manage.
Essential ECCTA Checklist
The Economic Crime and Corporate Transparency Act (ECCTA) is a game-changer for UK-registered companies, ushering in the most significant reforms since the Companies Act 2006.
Download our checklist to ensure you cover every requirement, helping your organisation avoid fines, penalties and damages resulting from non-compliance. Navigate the complexities of the UK Economic Crime and Corporate Transparency Act with our guide.
What is Entity and Subsidiary Management software, and and how does it support ECCTA compliance?
Entity management software is a specialized tool that helps organizations manage their corporate structures, compliance, and governance across multiple entities and jurisdictions. It offers a centralized platform for tracking and managing legal, financial, and operational information related to a company’s entities and subsidiaries.
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